The CMHC released its analysis of house prices today and concludes that while there is some overvaluation, there is little risk from overheating or overbuilding.
The Canada Mortgage and Housing Corporation released its analysis of house prices today and concludes that while there is some overvaluation, there is little risk from overheating or overbuilding. The agency says that Montreal, Quebec, Toronto, Calgary and Halifax all have some characteristics of overvaluation but there is some improvement. In the rest of the country CMHC believes that the market is broadly consistent with interest rates and other economic factors.
